Tax on EU-UK EV exports

The European Automobile Manufacturers’ Association (ACEA) has called on the European Commission to postpone a 10% “rules of origin” tariff on EU electric vehicle exports to the UK

EU-UK vehicle trade (2022)
Cars   960,763 units 139,237 189,207

UK: EU’s largest vehicle market, importing 1.3 million vehicles* valued at €30.6 billion in 2022
Battery-electric cars valued at €5.1 billion
Commercial vehicles €4.3 billion

Petrol 
Diesel
Battery-electric vehicles (BEV)
Hybrid electric vehicle (HEV)
Plug-in hybrid electric vehicle (PHEV)

EU battery-electric car registrations: Surge to 165,165 vehicles in Aug 2023, accounting for 21% of market

Other 2.5%
Petrol 32.7%
HEV 23.9%
BEV 21.0%
Diesel 12.5%
PHEV 7.4%

Jan 2024: EVs must have 45% EU or UK content, with 50-60% requirement for batteries, or attract tariff

ACEA: T ariff could cost EU vehicle makers €4.3 billion over three years, potentially reducing EV production by some 480,000 vehicles

€4.3bn and buses

*Includes new and used cars, vans, truck, and buses

Sources: ACEA, Eurostat, Reuters © GRAPHIC NEWS